mitt romney is set to deliver a major speech today while president obama raises campaign cash in california. nbc's peter alexander is in lexington, virginia traveling with the romney camp. peter, good morning. >> reporter: willie, good morning to you. mitt romney here at virginia military institute is hoping to draw a sharp contrast with the president on foreign policy issues, specifically saying to him that hope is not a strategy. meanwhile, the president traveling across california in front of some of his staunch et supporters last night at a fund-raiser implored them saying that everything is on the line. >> hello, l.a.! >> reporter: enlisting a cast of celebrities including stevie wonder. ♪ >> reporter: president obama picked up a little cash in california sunday night and even made a self-deprecating aleutian to his own performance in last week's debate. >> everybody here is incredible professionals and such great friends, and they just perform flawlessly night after night. i can't always say the same. >> we're going to win florida, and we're going to take back the white house. >> re